- Discount a reaction of the markets. The situation has very serious problems to have an economist who I would say is more heterodox than orthodox when the market asks for a more orthodox solution to correct the existing imbalances and straighten the rudder.
- What we can rescue is that it was possible to replace Guzmán and have a name during this weekend to avoid having greater damage or foreign exchange and banking holidays.
- The situation first merits a political solution where the interests in the government coalition are aligned, something unlikely to happen in light of the fights we have seen in recent times.
- It brings peace of mind that there is a Minister of Economy where there is consensus on her appointment. But she is not a minister who will bring calm to the markets, it is not what the markets expected at least.
- But the markets were not very hopeful either that she is a person who can gather portfolios under the Economy umbrella and be a strong minister to carry out structural reforms. The story continues.
Among the main challenges Batakis will have to overcome are a series of economic problems not only to comply with the second review with the International Monetary Fund (IMF) but to recover an economy that, although it will grow, will do so in a climate of political tension and in the run-up to an election year.
Some of these challenges are the definition of tariffs and subsidies in public services, inflation, the tension with the dollar and the reserves in the Central Bank, and the weight of the debt.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
